Bain Capital Specialty Finance (NYSE:BCSF) Rating Lowered to Strong Sell at Zacks Research

Bain Capital Specialty Finance (NYSE:BCSF) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods downgraded Bain Capital Specialty Finance from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $15.00 to $13.00 in a report on Monday. Capital One Financial set a $13.00 target price on Bain Capital Specialty Finance in a report on Monday. Wells Fargo & Company dropped their price target on Bain Capital Specialty Finance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group set a $13.00 price target on Bain Capital Specialty Finance in a research note on Monday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Bain Capital Specialty Finance currently has a consensus rating of “Reduce” and an average target price of $12.75.

Bain Capital Specialty Finance Price Performance

Shares of BCSF stock opened at $12.09 on Tuesday. The company has a market capitalization of $784.15 million, a P/E ratio of 12.21 and a beta of 0.58. The company’s 50-day simple moving average is $12.58 and its two-hundred day simple moving average is $12.86. Bain Capital Specialty Finance has a one year low of $11.82 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 7.20 and a quick ratio of 7.20.

Bain Capital Specialty Finance (NYSE:BCSF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $47.80 million during the quarter, compared to the consensus estimate of $64.44 million. Bain Capital Specialty Finance had a net margin of 24.22% and a return on equity of 10.40%. As a group, equities analysts anticipate that Bain Capital Specialty Finance will post 1.64 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Motiv8 Investments LLC purchased a new stake in shares of Bain Capital Specialty Finance during the 4th quarter worth $38,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Bain Capital Specialty Finance in the fourth quarter valued at about $42,000. BNP Paribas Financial Markets grew its stake in Bain Capital Specialty Finance by 352.1% in the third quarter. BNP Paribas Financial Markets now owns 4,069 shares of the company’s stock valued at $58,000 after purchasing an additional 3,169 shares during the last quarter. Quantbot Technologies LP bought a new position in Bain Capital Specialty Finance in the second quarter worth about $121,000. Finally, Prairiewood Capital LLC bought a new position in Bain Capital Specialty Finance in the first quarter worth about $126,000.

About Bain Capital Specialty Finance

Bain Capital Specialty Finance (NYSE: BCSF) is a closed-end interval fund organized as a specialty finance company. Since commencing operations in March 2017, the company has focused on originating and acquiring debt and equity investments in middle-market companies. It is structured to offer investors access to private credit and special situations strategies that are typically unavailable through traditional public debt markets.

The firm’s core business activities include direct lending to U.S.